THE CHANGING ROLE OF EXPORT CREDIT AGENCIES IN THE WORLD

Authors

DOI:

https://doi.org/10.60078/2992-877X-2026-vol4-iss1-pp236-242

Abstract

This article examines the activities of export credit agencies in providing financial support to exporters in conditions of global competition and market instability. It analyzes government mechanisms for stimulating foreign economic activity, the historical development of the export credit and insurance system, and key trends in the changing strategies of export credit agencies. Particular attention is paid to the transformation of export financing in the context of the global climate agenda and the transition to a green economy.

Keywords:

export-credit agency insurance export financing financial protection international trade

References

Annual Report of the Export–Import Bank of the United States (2015) Annual Report, p. 76.

Annual Report of the Export–Import Bank of the United States (2023) Annual Report, p. 130.

Annual Report of the Japanese Export Credit Agency NEXI (2018) Annual Report, p. 76.

Berne Union (2025) Berne Union Yearbook 2025. Berne Union, 149 p.

Censkowsky, P., Waidelich, P., Shishlov, I. and Steffen, B. (2025) ‘Quantifying the shift of public export finance from fossil fuels to renewable energy’, Nature Communications, 29 January, 13 p.

Credendo (2022) The Credendo Green Package. Available at: https://credendo.com/sites/default/files/media/files/2023-02/2022-07%20Credendo_Brochure_The%20Credendo%20Green%20Package_AG_v05.pdf

Dawar, K. (2019) Happy Centennial Birthday UKEF: Fit for the Future? Briefing Paper No. 36, October. Available at: https://blogs.sussex.ac.uk/uktpo/publications/happy-centennial-birthday-ukef-fit-for-thefuture/

Dawar, K. (2020) ‘Official export credit support: competition and compliance issues’, Journal of World Trade, 6, pp. 373–395.

DLA Piper (2023) OECD publishes revised version of Arrangement on Officially Supported Export Credits, 1 August. Available at: https://www.dlapiper.com/en/insights/publications/2023/08/oecd-publishes-revised-version-of-arrangement-on-officially-supported-export-credits

Export Credit Agency of Sweden (2022) New credit guarantee to secure Sweden’s access to raw materials, 14 October. Available at: https://www.ekn.se/en/about-ekn/newsroom/archive/2022/press-releases/new-credit-guarantee-to-secure-swedens-access-to-raw-materials/

Gianturco, D.E. (2001) Export Credit Agencies: The Unsung Giants of International Trade and Finance. Praeger, 208 p.

Global Trade Alert (2022) Republic of Korea: Eximbank and K-Sure provide financing to support SK On in construction of battery plant in Hungary, 28 July.

Law360 (2020) US, EU, others put export credit negotiations on ice, 19 November. Available at: https://www.law360.com/articles/1330627/us-eu-others-put-export-credit-negotiations-on-ice

Mishina, N.A., Kotova, L.G., Smirnova, D.K. and Noskova, A.S. (2022) ‘“Green” energy in the system of the world economy: experience of different countries, current state and prospects’, Izvestiya vysshikh uchebnykh zavedeniy. Povolzhskiy region. Obshchestvennye nauki, 2(62), pp. 167–179.

PwC (2024) Export Credit Agency Financing: Investing in Energy Transition Projects. PwC, Ap., 27 p.

Shmelev, V.V. (2001) ‘Credit insurance in foreign economic activity abroad’, Strakhovoe delo, 12, pp. 17–25.

Umarov, H.S. (2024) ‘Evolution of export credit agencies of the world: from origin to modernity (part one)’, Mirovoe i natsionalnoe khozyaystvo, 1(65), pp. 131–150.

US Congress (2024) Report to the US Congress on Global Export Credit Competition. June, 72 p.

US Congress (2025) Report to the US Congress on Global Export Credit Competition. June, 56 p.

van Dijk, J. (n.d.) Export Credit Insurance: A Literature Review. Course “Finance for Premasters”, 23p.

Downloads

Published

How to Cite

Umarov , X., Buriev , A. A., & Hamid , W. (2026). THE CHANGING ROLE OF EXPORT CREDIT AGENCIES IN THE WORLD. Economic Development and Analysis, 4(1), 236-242. https://doi.org/10.60078/2992-877X-2026-vol4-iss1-pp236-242